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REGISTERED NUMBER: 08531984 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

RAW INC LIMITED

RAW INC LIMITED (REGISTERED NUMBER: 08531984)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAW INC LIMITED

Company Information
for the year ended 31 March 2023







Directors: Mrs C M White
Mr T J White





Registered office: 2a Vicarage Road
Hornchurch
Essex
RM12 4AT





Registered number: 08531984 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

RAW INC LIMITED (REGISTERED NUMBER: 08531984)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 69,015 82,966

Current assets
Stocks 5,200 5,724
Debtors 5 1,636 1,469
Cash at bank and in hand 62,543 70,161
69,379 77,354
Creditors
Amounts falling due within one year 6 33,030 53,062
Net current assets 36,349 24,292
Total assets less current liabilities 105,364 107,258

Provisions for liabilities 8 13,113 18,944
Net assets 92,251 88,314

Capital and reserves
Called up share capital 9 2 2
Retained earnings 92,249 88,312
Shareholders' funds 92,251 88,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RAW INC LIMITED (REGISTERED NUMBER: 08531984)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:




Mr T J White - Director



Mrs C M White - Director


RAW INC LIMITED (REGISTERED NUMBER: 08531984)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Raw Inc Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

RAW INC LIMITED (REGISTERED NUMBER: 08531984)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Tangible fixed assets
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022 52,910 75,289 998 3,698 132,895
Additions - 14,385 - 395 14,780
Disposals - (1,916 ) - - (1,916 )
At 31 March 2023 52,910 87,758 998 4,093 145,759
Depreciation
At 1 April 2022 19,342 28,704 275 1,608 49,929
Charge for year 5,291 20,984 200 819 27,294
Eliminated on disposal - (479 ) - - (479 )
At 31 March 2023 24,633 49,209 475 2,427 76,744
Net book value
At 31 March 2023 28,277 38,549 523 1,666 69,015
At 31 March 2022 33,568 46,585 723 2,090 82,966

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 1,636 1,469

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts - 7,349
Hire purchase contracts (see note 7) - 1,149
Taxation and social security 29,900 21,267
Other creditors 3,130 23,297
33,030 53,062

7. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 1,149

RAW INC LIMITED (REGISTERED NUMBER: 08531984)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


7. Leasing agreements - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 42,500 42,500
Between one and five years 3,542 46,042
46,042 88,542

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 13,113 18,944

Deferred
tax
£   
Balance at 1 April 2022 18,944
Provided during year (5,831 )
Balance at 31 March 2023 13,113

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr T J White and Mrs C M White
Balance outstanding at start of year (20,765 ) (33,765 )
Amounts advanced 86,838 53,000
Amounts repaid (66,672 ) (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (599 ) (20,765 )